Crypto-news

Dubai-based fintech company Evai has been recognized as one of the top-performing blockchain projects globally, according to the new CV VC Global Report 2022. A new report reveals 700% year-on-year growth as investments in the blockchain sector surge. The report, issued by Crypto Valley Venture Capital, based in Zug, Switzerland provides an overall synopsis of…

Major Bitcoin miners in the US are looking at the Middle East, Europe, and other regions to expand their energy-intensive industry, Bloomberg reported. They are seeking low local electricity prices and liberal regulations on crypto mining. “We are geographically diversified in the US … but we are also looking outside the US,” Mike Levitt, chief…

Сrypto exchange Bybit announced the launch of leveraged token products on its spot exchange, starting with two Bitcoin leveraged tokens, BTC3L and BTC3S. These leveraged tokens are short-term investment products that let traders reap the benefits of leverage with no margin, collateral or liquidation risks. They have no margin requirement, offering traders a diversified product…

Breaking crypto news from the last week (Apr. 2 – 8, 2022): Apr. 2: Binance, the largest crypto exchange by trading volume, is recruiting over 100 positions in the UAE and is helping to shape Dubai’s new virtual assets’ regulations, its MENA regional head said. Binance’s activity in the Gulf state has boosted in recent…

In the UAE, cryptocurrencies have rapidly been gaining appeal among younger demographics. Latest surveys show over 54% of residents aged between 18 and 35 years are expressing increased openness towards crypto. Many latest surveys show that young adults are among those in the UAE who are most likely to invest in cryptocurrencies in the near…

The Luna Foundation Guard, a Singapore-based nonprofit building reserves for the stablecoin Terra (UST), announced that it would buy $200 million worth of AVAX tokens from the Avalanche Foundation to augment its UST reserves. This strategic move pushes forward Terra’s cross-chain development and diversification. The Luna Foundation Guard (LFG) and Terraform Labs (TFL), the two…